From MarketWatch: 2024-07-09 10:27:00

QuickLogic has secured a $5.26 million contract from the Department of Defence (DoD) to develop a strategic radiation-hardened field programmable gate array (FPGA) for future space systems. This contract highlights the company’s growth in the aerospace and defense markets, where its products are in high demand due to harsh operational conditions. The market for such products is expected to grow at a rate of 16.4% from 2023 to 2029, attracting competition from major players like AMD, Intel, and Microchip who are investing heavily in this space.

Despite receiving sizable contracts from the DoD, QuickLogic faces rising competition in the Rad-Hard FPGA market from larger corporations with more resources and facilities. To stay competitive, QuickLogic is focusing on enhancing its sales and marketing capabilities, leading to increased expenses. However, the company’s stock has declined, and earnings estimates have been revised downward, posing challenges for its future performance in the market.

In other news, Zacks Investment Research has identified a little-known chemical company with significant growth potential, with estimates of a +100% increase in the coming months. This company, with a 65% rise in the past year and strong earnings forecasts for 2022, presents an attractive investment opportunity for retail investors looking for growth potential.



Read more at MarketWatch: QuickLogic (QUIK) Secures $5.26M Contract From the DoD